This stock market roller coaster ride has us back to unchanged for the year ... crazy.

And we're at the top of our 3 month range ... anybody else thinking about taking a flyer on some of the short ETFs? -- SKF is trading back below $70 on last check ...

_________________"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis StevensonâGold is money. Everything else is credit.â -J.P. Morgan, testifying to Congress in 1912

Yeah, I bought some SKF on Wednesday ... it's in the green, but I haven't sold yet. With the DOW opening up 120 points, I don't think today is going to be the day it gets sold (and I really hate going into a weekend with the double short etfs).

Wish I could buy puts on the banks, but most of my trading is done in qualified accounts and it's verboten.

_________________"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis StevensonâGold is money. Everything else is credit.â -J.P. Morgan, testifying to Congress in 1912

I don't know - maybe. But it looks like it's bumped up against the top of the 3 month range and is rolling over again to me.

The SKF I bought on WED of last week is up about 8%. I have a stop in place, but I'm really hoping to let it run for a few more days.

The stock market has been rallying over the past couple of weeks on the rumors and 'plans to create a plan' talk out of Europe ... never underestimate the power of "buy the rumor, sell the news"

_________________"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis StevensonâGold is money. Everything else is credit.â -J.P. Morgan, testifying to Congress in 1912

When it gets back down to 29 please remind me to place another order for physical coins

_________________"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis StevensonâGold is money. Everything else is credit.â -J.P. Morgan, testifying to Congress in 1912

Your SLV trade appears to be over (at least for the time being) ... as does my SKF trade. Too bad -- that was as good as a license to print money while it lasted ...

_________________"Socialism only works in two places: Heaven where they don't need it and h*ll where they already have it." -- Ronald Reagan"Everybody, sooner or later, sits down to a banquet of consequences." -- Robert Louis StevensonâGold is money. Everything else is credit.â -J.P. Morgan, testifying to Congress in 1912

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